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consortium

Pronunciation: [kənˈsɔːrtiəm]

Word

Learn how to use consortium in a sentence: 6 audio examples across 2 meanings.

Context: “organization”

(noun) a group of people or companies that work together on a project or to achieve a common goal. It's like when a team of friends team up to do a science project; they combine their skills and resources.

Example

The consortium of universities is working together to improve online education.

Example

The companies didn’t form a consortium, so they could not share their resources effectively.

Example

What projects is the consortium currently working on together?

Context: “business”

(noun) a partnership or alliance among several businesses to share resources or knowledge. Imagine if different restaurants in your town teamed up to hold a food festival together; that would be a consortium.

Example

The consortium of tech companies developed new software that benefits everyone.

Example

Without forming a consortium, the small businesses struggled to compete.

Example

What is the main purpose of the consortium formed by those businesses?

How to pronounce consortium

Pronunciation: [kənˈsɔːrtiəm]

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